Latest news from Heavy Lift & Project Forwarding International Magazine

SMIT achieves net profit of EUR 28 million in first quarter

May 14 - Net profit for SMIT in the first quarter of 2009 amounted to EUR 28 million, including a net contribution of EUR 10 million from the financial settlement of the 'Thunderhorse' project, without which, net profit from normal operating activities sh

SMIT's CEO, Ben Vree, explains: "It is obvious that the present recession is also affecting our industry. 

"Particularly in the harbour towage market and in the spot market of the Transport & Heavy Lift Division, we see the effects of the current recession due to the large number of laid-up vessels, as well as cancelled and delayed projects. 

"More vessels are being laid-up on a daily basis, resulting in a further decrease of shipping activities during the first quarter of 2009. 

"We feel, however, that this recession will generate opportunities for us as well. The trend towards consolidation in our industry will accelerate, which means that we may expect to expand our global network." 

Heavy Lift | News

FROM THE MAGAZINE: Pumping up power thumbnail image

FROM THE MAGAZINE: Pumping up power

August 19 - As nations reduce their reliance on fossil-fuelled power generation, hydropower projects – in particular pumped storage schemes – will play a key role in supplementing wind and solar energy developments.
Views: 126
Jan De Nul secures Kriegers Flak work thumbnail image

Jan De Nul secures Kriegers Flak work

August 16 - Jan De Nul Group will transport and install 72 Siemens wind turbine generators – with a capacity of 8.4 MW each – for the Kriegers Flak offshore wind farm in Denmark.
Views: 565
The scrubber solution for GHG emissions thumbnail image

The scrubber solution for GHG emissions

August 16 - Advocates of exhaust gas cleaning systems (EGCS) are championing the use of the technology as a way to reduce global CO2 emissions, as well as complying with the looming IMO sulphur 2020 regulations.
Views: 432
Easter takes on Daseke interim CEO role thumbnail image

Easter takes on Daseke interim CEO role

August 16 - Chris Easter has been appointed interim ceo of North American specialised transport provider Daseke following the retirement of Don Daseke.
Views: 447

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